The industry's own research.
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This is a market report published by JLL in March 2026 covering industrial sector dynamics in the Phoenix market during the first quarter of 2026. The report includes national geographic context alongside the Phoenix, Arizona focus.
Multifamily fundamentals are stabilizing, but rent recovery is limited by elevated concessions. After two years of heavy deliveries, landlords are relying on incentives to maintain occupancy, particularly across high supply Sun Belt markets. Face rents have held up, but effective rents continue to lag as operators…
Lodging Econometrics' Q1 2026 Construction Pipeline Trend Report shows Dallas leading the U.S. hotel pipeline with 184 projects and 22,861 rooms, followed by Atlanta, Phoenix, Nashville, and Austin, while Phoenix recorded double-digit year-over-year growth of 19% in projects and 11% in rooms under construction. The report forecasts Phoenix to lead new hotel openings in 2026 with 27 hotels and 3,640 rooms, and Dallas to lead in 2027 with 27 hotels and 2,484 rooms.
Fannie Mae's annual multifamily outlook anticipates conditions improving in most markets through 2025, while flagging negative rent growth in high-supply metros such as Austin, Phoenix, San Antonio and Raleigh.